14-month low in the US dollar rippled through global currency markets as traders consider the impact of cooling US inflation on the Federal Reserve’s most-aggressive tightening cycle in a generation.

• The Swiss franc rose to the strongest level since 2015 against the US currency.
• Japan’s yen climbed more than 1% on the day to consolidate its gains below 140 per dollar.
• The euro spiked to $1.11, and the British pound touched $1.30 — both hitting their strongest levels in more than a year.

Click here to continue reading.